According to Foresight News, Nasdaq-listed bitcoin mining company CleanSpark announced it has completed a $650 million convertible senior note offering.
In addition, the company repurchased 11.76 million shares of common stock, with a repurchase amount of approximately $145 million, which will be removed from the total number of outstanding shares.
CleanSpark CEO and President Zach Bradford stated that part of the funds will be used to support adding mined bitcoins to the balance sheet.